President-elect Donald Trump appeared to strengthen his ties to the crypto industry Wednesday when he nominated a popular crypto advocate, Patomak Global Partners founder Paul Atkins, to be the next chairman of the Securities and Exchange Commission (SEC).

In the announcement, posted to his social media platform TruthSocial, Trump touted Atkins’s leadership in “common sense regulations” and highlighted his experience working on and studying the digital assets industry. Atkins has served as co-chairman of the Digital Chamber’s Token Alliance, a policy voice for crypto firms, tokenized networks, apps, and issuers, since 2017. Prior to founding Patomak, he also served as SEC commissioner from 2002 to 2008.

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Aly McDevitt is Data & Research Journalist at Compliance Week. She has a background in education and college consulting. Prior to teaching, she was an editor/author at Thomson Reuters, where she reported...